Credit Unions Reaping Benefits from Housing Market Gains - Yahoo! News

San Diego, CA (PRWEB) November 04, 2012 Tobias Nergarden issued his statement following reports in the Credit Union Times that credit unions are benefiting from the healing market for mortgages; he believes that this news is great for home buyers, as it increases their options for home financing and will lead to more competitive lending among banks.

Traditionally, most credit unions have relied on checking accounts, auto loans and higher-interest savings accounts to drive their membership. However, record-low interest rates and a buyer’s market make home buying more attractive than it’s been in years, and more Americans are turning to buying over vacation rental by owners. Some credit unions are noticing that mortgages are driving a growth in new member rolls for credit unions.

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